Forex Analysis
FI Eye-Opener: Greece is coming
Bond yields ended yesterday mostly lower despite gains in equity markets, though the moves were once again rather limited. Intra-Euro-zone spreads mostly narrowed, though Finnish bonds saw some pressure.
FX Daily
The key event today will be the Fed announcement and new projections at 19:00followed by Janet Yellen’s debut as host of the press conference at 19:30.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6586 after rate had seen extended lows of $1.6545 (bids had been reported between $1.6555/45) before it recovered through the NY session to
EUR/USD Analysis
It’s been yet another dull morning for the euro today in the Asia-Pacific, with euro-dollar stuck again in a very narrow trading range. The pair opened at $1.3933 near the top of last night’s $1.3880 to
USD/JPY Analysis
The pair was confined to narrow ranges this morning vs the dollar, as the market focused on tonight’s FOMC decision for clues. Risk sentiment remained stable after no major deterioration in
EUR Mid-day Analysis
The Euro has tracked weaker this morning in the wake of potentially supportive Euro zone auto salesfigures and from evidence of a Euro zone Trade surplus.
CHF Mid-day Analysis
The Swiss might be the primary benefactor of a pause in US tapering, as the Swiss saw very positivelonger term economic projections from Swiss officials overnight.
JPY Mid-day Analysis
A series of lower highs suggests a lack of upside momentum. News of the 1st rise in big city real estatevalues in over 2 decades in Japan, might suggest the long held deflationary cycle is starting to lift,
USD Mid-day Analysis
The Dollar action of the last 24 hours has to be discouraging to the bull camp, as positive US data, arecovery in equities and the upcoming FOMC prospects failed to lift the Greenback.
CAD Mid-day Analysis
The Canadian probably benefited from favorable home price data recently and it mightalso have benefited from news that foreign investment flowed back into Canadian securities in the latest monthlyreadings.
GBP Mid-day Analysis
While overall macro economic clouds appear to be dissipating, the Pound remains expensive on itscharts relative to early February levels. In fact, given the suspect outlook for the US economy,
Central European Daily
CE markets only little changed after a referendum in Crimea and its annexation by Russia Hungarian Constitutional Court says FX loan contracts may be modified by legislative means